Hydration Pharmaceuticals Co. Ltd. (AU:HPC) has released an update.
Hydration Pharmaceuticals Co. Ltd. reported a significant 43% reduction in net operating cash use compared to last year, achieving a record low and marking its seventh consecutive quarter of reductions. Despite inventory issues leading to unshipped orders, the company saw a net sales increase of 2% over the previous quarter, with adjusted sales reflecting a 23% growth when accounting for these unshipped orders. The company also signed an amended funding agreement with Pure Asset Management to seek the sale of the company for stakeholders’ benefit.
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